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When is the next forex open hour?

Foreign exchange, more commonly known as forex, is a global market that operates 24 hours a day, five days a week. This 24/5 schedule is due to the fact that the forex market operates in different time zones, allowing traders from different parts of the world to participate at their own convenient time. However, there are specific forex open hours that traders need to be aware of in order to make informed trading decisions.

The forex market is divided into four main trading sessions: the Tokyo session, the London session, the New York session, and the Sydney session. These sessions are named after the major financial centers where they are based. The Tokyo session is the first to open, followed by London, New York, and finally, Sydney.

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The Tokyo session opens at 12:00 am GMT and closes at 9:00 am GMT. This session is also known as the Asian session because it includes major financial centers in Asia such as Tokyo, Hong Kong, and Singapore. The Tokyo session is known for its low volatility and liquidity, which means that the market tends to move slowly during this time. However, some traders prefer to trade during this session because it offers unique opportunities to enter and exit trades based on news events that affect Asian currencies.

The London session opens at 8:00 am GMT and closes at 5:00 pm GMT. This session is also known as the European session because it includes major financial centers in Europe such as London, Frankfurt, and Paris. The London session is the most active session in terms of trading volume and volatility. This is because it overlaps with the Tokyo and New York sessions, creating a period of high market activity. The London session is also known for its liquidity, which means that traders can easily buy and sell currencies without affecting the market price.

The New York session opens at 1:00 pm GMT and closes at 10:00 pm GMT. This session is also known as the North American session because it includes major financial centers in North America such as New York, Toronto, and Chicago. The New York session is the second most active session in terms of trading volume and volatility. This is because it overlaps with the London session, creating a period of high market activity. The New York session is also known for its liquidity, which means that traders can easily buy and sell currencies without affecting the market price.

The Sydney session opens at 10:00 pm GMT and closes at 7:00 am GMT. This session is also known as the Pacific session because it includes major financial centers in the Pacific region such as Sydney, Wellington, and Tokyo. The Sydney session is the least active session in terms of trading volume and volatility. This is because it overlaps with the Tokyo session, creating a period of low market activity. However, some traders prefer to trade during this session because it offers unique opportunities to enter and exit trades based on news events that affect the Australian and New Zealand dollars.

It is important to note that forex open hours may vary depending on daylight saving time. For example, when daylight saving time is in effect in the United States, the New York session opens at 12:00 pm GMT instead of 1:00 pm GMT. Traders need to be aware of these changes in order to adjust their trading schedule accordingly.

In conclusion, the forex market is a 24/5 market that operates in different time zones. Traders need to be aware of the forex open hours in order to make informed trading decisions. The Tokyo, London, New York, and Sydney sessions offer unique opportunities for traders to enter and exit trades based on news events that affect different currencies. It is important to note that forex open hours may vary depending on daylight saving time. Traders need to stay informed about these changes in order to adjust their trading schedule accordingly.

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